Thursday, May 18, 2017

During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales.

This data suggested healing in the Sacramento market and other distressed markets showed similar improvement. Note: The Sacramento Association of REALTORS® started breaking out REOs in May 2008, and short sales in June 2009.

In April, total sales were down 2.7% from April 2016, and conventional equity sales were down 0.8% compared to the same month last year.

In April, 4.7% of all resales were distressed sales. This was down from 5.5% last month, and down from 6.5% in April 2016.

The percentage of REOs was at 2.8%, and the percentage of short sales was 1.9%.